Micromax co-founder Rajesh Agarwal arrested in bribery case

CBI has arrested Micromax co-founder Rajesh Agarwal and Manish Tuli for allegedly giving Rs 30 lakh bribe to Delhi Municipal Corporation engineers to obtain clearance for constructing a banquet hall.

Manish Tuli is a senior executive with the smartphone maker.

Micromax is the second largest smartphone maker in India in Q1 2013

According to CBI sources, they received a tip-off that Agarwal and Tuli had entered into a deal with the engineers of the MCD to get clearance for constructing a banquet hall in the Wazirpur area in exchange of bribe of Rs 50 lakh.

CBI spokesperson Dharini Mishra confirmed the arrest.

Besides Rajesh Agarwal and Manish Tuli, CBI sleuths arrested two junior officials of MCD and carried out searches at 15 locations including residential and official premises of the MCD officers.

The sources alleged that Agarwal and Tuli negotiated with the MCD officials and brought down the alleged bribe amount from Rs 50 lakh to Rs 30 lakh.

It was also agreed that the illegal gratification will be allegedly paid to the two junior officials of the civic body.

After getting the tip-off that the alleged bribe is to be paid at the Timarpur office of Agarwal and Tuli, a team of CBI rushed to the spot.

Micromax co-founder Rajesh Agarwal arrested in bribery case

During the trap operation, the agency allegedly caught Tuli and Agarwal handing over Rs 30 lakh to the junior officials of the MCD who were there to collect the amount on behalf of a superintendent engineer, an executive engineer and two junior engineers, all allegedly part of the conspiracy.

After catching Agarwal, Tuli and two MCD officials red-handed, CBI teams carried out searches at 15 locations including the residential and official premises of the MCD officers.

Micromax officials were not available for comments on the issue.

According to Micromax website, Rajesh Agarwal, co-founder of Micromax Informatics is a key force behind one of the largest mobile brand in India in terms of volumes.

With an enriching experience of 22 years, Rajesh has orchestrated strategic accomplishments that, together with ground-up development, allowed Micromax to assemble a portfolio amongst the top-tier handset manufacturers that serve consumers across the globe.

Rajesh has been instrumental in advocating innovative product strategies, business restructuring and channel management as the building blocks to create a strong base for the organization.

Inspired by Warren Buffett, Rajesh an electrical engineer encompasses from him the rich virtues of will strength, determination and risk-taking ability and applies them across all diversification and growth to emerge as a victor.

An outdoor sports lover, Rajesh shows keen interest in volley ball, cricket and table tennis. He is fond of travelling to new places and exploring different cultures. In his leisure he reads about successful leaders and draws inspiration through their ideologies.

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